World-Wide Economic Turmoil
Makes Bourses Brace for Declines

LONDON -- World stock markets face another battering this week, as the worsening global economic situation takes its toll on equity prices.

International economists are now talking seriously about the risk of a world-wide economic slump. "The world economy is in crisis," said John Llewellyn, global chief economist at Lehman Bros. in London, who added, "Growth recession is possible and there is an increasing risk of a...